- Lone Oak ISD
- FAQ
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HR/Payroll Frequently Asked Questions
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What is the Medicare Tax?
All part-time employees, including substitute teachers, as well as all full-time employees hired after April 1, 1986, must pay the Medicare tax of 1.45% on total gross earnings less any pre-tax cafeteria benefits.
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What is the percentage that's deducted for "TRS Salary Red" and can I change the percentage deducted?
The percentage taken from each paycheck effective 9/1/2021, 8.0% is deducted. You cannot change the percentage withdrawn as this is state mandated.
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What is the "TRS Salary Red" deduction on my paycheck?
This is money taken from every regular full-time and part-time employee that goes into your actual retirement account with TRS.
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What is the percentage that's deducted for "TRS INS"?
0.65% of gross wages
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What is the "TRS INS" deduction on my paycheck?
This is what every regular full-time and part-time employee must pay each payroll that contributes towards funding the retiree medical program.